Luckily the process for obtaining them is quick -- I just went through it in less than 30 minutes.
I first heard about a byteball distribution before their June distribution. I read a blog post describing it, the post seemed shady so I didn't trust it and decided to pass, but I've had friends who claimed theirs last time without a hitch so I went through with it. By claiming you receive .0625 byteballs for each BTC in your wallet, which equates to roughly $54.00 per BTC in your wallet.
I followed this guide: https://freedomnode.com/blog/76/how-to-get-free-bitcoins-with-byteball-and-stellar-lumens-giveaways
Basic steps:
-download the byteball wallet: https://byteball.org/
-set up the wallet (use a light wallet instead of full to save time and space)
-talk to a transition bot that helps you through the process of claiming your byteballs
I use trezor for my bitcoin wallet. The guide linked above explains how to do it on electrum, I'll explain how I did it on trezor.
Confirm your address
There are two ways to confirm your bitcoin address. The first is by sending a small BTC transfer to a byteball address from a wallet where you control the private keys (not an exchange): the transfers can be slow, and nobody wants to transfer money first, so I chose the second method which is proving my bitcoin address by signing my byteball address.
Steps:
Obtain your byteball address
Consolidate your bitcoins into one address
I've had numerous transactions into my trezor and I used many different addresses to receive coins. So in order to claim the maximum byteballs I first combined all my bitcoins into one address rather than having to link many addresses.
First go to the tab receive on your trezor:
Copy the address, then send all the bitcoins on your trezor to that address.
Sign and verify your address
Go to the sign and verify tab:
In the Message field, copy/paste your bitcoin address where you just consolidated your bitcoins in your trezor wallet.
In the Address field, copy/paste your byteball address.
Hit the sign button, confirm it on your trezor, then paste the signature into the transition bot chat. It will confirm your bitcoin balance and then your byteball wallet will receive your byteballs after the distribution.
I understand if you have reservations, but many others have done this process seamlessly
Last month, well known steemit user posted about the distribution here: https://steemit.com/byteball/@ash/byteball-distribution-companion
Another poster, , wrote a blog a few days ago reminding everyone of the distribution: https://steemit.com/byteball/@yogi/reminder-next-byteball-distribution-in-2-days
If you choose not to participate I don't blame you. I'll update this blog tomorrow with the results.
My name is Ryan Daut and I'd love to have you as a follower. Click here to go to my page, then click in the upper right corner if you would like to see my blogs and articles regularly.
I am a professional gambler, and my interests include poker, fantasy sports, football, basketball, MMA, health and fitness, rock climbing, mathematics, astrophysics, cryptocurrency, and computer gaming.